Hong Kong Yuan Deposits Hit $42 Billion

By

Fiona Law

Updated Dec. 23, 2010 1:53 p.m. ET

HONG KONG—Hong Kong Monetary Authority Chief Executive Norman Chan said yuan deposits in the city rose to 280 billion yuan ($42.15 billion) at the end of November, from 217 billion yuan at the end of October.

Speaking at a news conference Thursday, Mr. Chan said the yuan liquidity pool in Hong Kong is sufficient to meet corporate demand.